Know more about stocks witnessing selling pressure
In our last update, we listed the top five stocks that attracted fund managers in the month of February 2020. Now, let us have a look at the top five stocks, which witnessed a lot of selling from the fund managers.
|
Stock Name
|
Sector
|
Classification
|
Month
|
Net Qty Sold
|
Approx Sell Value (In crore)
|
|
Tata Consultancy Services Ltd
|
Technology
|
Large-Cap
|
February-20
|
70,20,701
|
1,431.98
|
|
Tata Chemicals Ltd
|
Chemicals
|
Mid-Cap
|
February -20
|
77,12,204
|
565.00
|
|
IRCTC Ltd
|
Travel
|
Mid-Cap
|
February -20
|
36,83,163
|
544.02
|
|
Bandhan Bank Ltd
|
Financials
|
Large-Cap
|
February -20
|
1,09,78,689
|
457.73
|
|
Petronet LNG Ltd
|
Energy
|
Large-Cap
|
February -20
|
1,76,97,141
|
453.13
|
This time in the month of February 2020, the top five stocks that fund managers sold, are mainly from the technology sector.
If we look purely sector-wise then, financial sector seems to be on the top with an approximate sell value of Rs 2,951.91 crore, followed by technology and chemicals sector with an approximate sell value of Rs 1,892.87 crore and Rs 802.54 crore, respectively.
Now if we take a look market cap-wise, then this time, large-cap witnessed a highest selling with an approximate sell value of Rs 6,149.72 crore, followed by mid-cap and small-cap with an approximate sell value of Rs 3,362.90 crore and Rs 1,182.89 crore, respectively.
The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers’ approach and it in no means, is a recommendation to buy or sell. It is always advisable to have a financial plan in place which must be followed with discipline and investments in mutual funds being made to be based on your individual risk assessment.